Company news: CML Group
CML held its AGM this week. After the usual summary of the preceding financial year, the company reiterated its guidance for FY-17: EBITDA (earnings before interest, tax, depreciation and amortisation) of greater than $10.6m. This compares to $5.3m for FY-16. The increase will be driven by two acquisitions made in the latter part of FY-16, along with organic growth of the loan book.